June trade gap widens to record $5.8 billion
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COURTESY OF ICTSI By Abigail Marie P. Yraola, Researcher THE Philippines’ merchandise trade deficit hit another record in June as imports continued…
PHL debt now at 62.1% of GDP
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REUTERS THE National Government’s (NG) outstanding debt as a share of the gross domestic product (GDP) eased to 62.1% at the end…
Banks’ NPL ratio falls to 21-month low in June
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By Keisha B. Ta-asan SOURED LOANS held by Philippine banks fell for a fourth straight month in June, bringing the nonperforming loan…
Globe wants DITO to pay P622M for deal ‘violation’
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By Arjay L. Balinbin, Senior Reporter GLOBE Telecom, Inc. on Tuesday said it recently requested the National Telecommunications Commission (NTC) to compel…
DMCI Holdings’ profit up 73% on energy, real estate growth
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DMCI Holdings, Inc. reported on Tuesday that its second-quarter consolidated net income went up by 73% to P9.03 billion from P5.23 billion,…
Megaworld earnings rise 6.5% to P2.8B
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MEGAWORLD Corp. recorded a 6.5% increase in its attributable net income to P2.82 billion for the second quarter from the P2.65 billion…
ACEN income surges 25% as new plants deliver
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ACEN Corp. reported a consolidated net income of P1.78 billion in the second quarter, 25.4% higher than the P1.42 billion earned in…
NHCP launches project to mark 125th anniversary of Philippine independence
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THE NATIONAL Historical Commission of the Philippines (NHCP) launched a multi-year project to mark the 125th anniversary of Philippine Independence and Nationhood…
Federal Land, Nomura Real Estate launch joint venture company
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PROPERTY developer Federal Land, Inc. and Japan’s Nomura Real Estate Development Co., Ltd. (NRE) have partnered to form a joint venture that…
Art News: Philosophy of Bruce Lee; antiquities returned to Cambodia, Benin
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1 of 4 SEATTLE/NEW YORK/LONDON — After a pandemic-induced delay, a permanent exhibition focused on Bruce Lee’s philosophy is opening at the…